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Samsung strike talks: last-ditch effort to avert crisis

Samsung Electronics and union hold final talks to prevent a strike that could disrupt global supply chains. Court ruling, economic impact, and more.

Mia Lopez
ByMia Lopez- Senior Editor
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Samsung Electronics and its labor union began talks Monday in a last-ditch bid to avert the biggest strike in the tech giant's history.

A walkout by over 45,000 workers could hit South Korea's economy and disrupt global supply chains.

A court partially granted Samsung's injunction, ordering the union to ensure any strike does not disrupt production, with potential fines of 100 million won per day.

Samsung shares rose 6.7% after the ruling.

President Lee Jae Myung said both labor and management rights should be respected.

The government is considering all options, including emergency arbitration.

The strike threat comes amid rising energy prices due to the Ukraine war.

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